SOS (NYSE: SOS), a China-based company that mainly focused on SOS cloud emergency rescue service solution, announced its crypto mining strategy today. SOS will invest in many crypto mining sites in Sichuan, Gansu, Xinjiang, Yunnan, and other regions with low energy costs and abundant clean energy. Initially, the company will focus on the mining of some major cryptocurrencies (such as BTC). If the business develops smoothly, it will further cover all popular cryptocurrencies. In addition, SOS also plans to provide various cloud-based crypto mining services, such as SOS self-mining, miner custody, DeFi, security and insurance services for cryptocurrencies, etc.

By Mary Liu